【论文信息】

Chen W, Arn G Z, Song H T, Xie Y. The influences of digital finance on green technological innovation in China's manufacturing sector: the threshold effects of ESG performance[J]. Journal of Cleaner Production(中科院SCI一区Top期刊), 2024, 467: 142953.

https://doi.org/10.1016/j.jclepro.2024.142953

【作者信息】

第一作者：陈伟，教授、博士生导师，研究方向：供应链管理、技术创新管理

第二作者：阿恩古子，陈伟教授指导的硕士研究生，研究方向：技术创新管理

通讯作者：宋泓锑，陈伟教授指导的博士研究生，研究方向：技术创新管理

【基金支持】

国家社科基金项目(批准号：23BGL063)：数字经济时代国家创新体系的整体效能测度与优化策略研究。

【论文摘要】

In the digital economy era, the link between digital finance and green technology innovation is crucial yet underexplored. This study investigates how digital finance influences green technology innovation in China’s manufacturing sector, analyzing A-share listed companies from 2013 to 2022. Findings indicate that digital finance directly enhances green innovation and helps enterprises overcome financing constraints by providing alternative funding sources. It also boosts R&D investment, further fostering green innovation. Moreover, corporate ESG performance significantly impacts this relationship, with stronger effects observed in state-owned, non-heavy polluting, and non-high-tech enterprises. These insights suggest that digital finance can be a catalyst for sustainable technological advancement.